DaTang HuaYin Electric PowerLTD Balance Sheet Health
Financial Health criteria checks 1/6
DaTang HuaYin Electric PowerLTD has a total shareholder equity of CN¥1.9B and total debt of CN¥20.1B, which brings its debt-to-equity ratio to 1048.7%. Its total assets and total liabilities are CN¥24.5B and CN¥22.6B respectively. DaTang HuaYin Electric PowerLTD's EBIT is CN¥276.7M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥1.3B.
Key information
1,048.7%
Debt to equity ratio
CN¥20.14b
Debt
| Interest coverage ratio | 0.8x |
| Cash | CN¥1.30b |
| Equity | CN¥1.92b |
| Total liabilities | CN¥22.62b |
| Total assets | CN¥24.54b |
Recent financial health updates
Does DaTang HuaYin Electric PowerLTD (SHSE:600744) Have A Healthy Balance Sheet?
Jun 20
Is DaTang HuaYin Electric PowerLTD (SHSE:600744) A Risky Investment?
Mar 11Recent updates
DaTang HuaYin Electric Power CO.,LTD's (SHSE:600744) Business And Shares Still Trailing The Industry
Oct 06Does DaTang HuaYin Electric PowerLTD (SHSE:600744) Have A Healthy Balance Sheet?
Jun 20There's No Escaping DaTang HuaYin Electric Power CO.,LTD's (SHSE:600744) Muted Revenues Despite A 30% Share Price Rise
May 21Is DaTang HuaYin Electric PowerLTD (SHSE:600744) A Risky Investment?
Mar 11Financial Position Analysis
Short Term Liabilities: 600744's short term assets (CN¥4.4B) do not cover its short term liabilities (CN¥8.3B).
Long Term Liabilities: 600744's short term assets (CN¥4.4B) do not cover its long term liabilities (CN¥14.3B).
Debt to Equity History and Analysis
Debt Level: 600744's net debt to equity ratio (980.8%) is considered high.
Reducing Debt: 600744's debt to equity ratio has increased from 387.1% to 1048.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 600744 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600744 has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 52% each year.